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China’s resident income rises 7.3 percent in 2017

Updated: Jan 18,2018 3:59 PM     Xinhua

BEIJING — China’s per capita disposable income stood at 25,974 yuan ($4,033) in 2017, up 7.3 percent year-on-year in real terms, official data showed on Jan 18.

The increase was 1 percentage point faster than the 6.3 percent rise registered in 2016, as China’s economy posted a forecast-beating 6.9 percent expansion last year, which marked the first acceleration in annual pace since 2010.

Separately, urban and rural per capita disposable income reached 36,396 yuan and 13,432 yuan, respectively, in 2017, up 6.5 percent and 7.3 percent in real terms after deducting price factors, according to the National Bureau of Statistics (NBS).

In 2017, China has 286.52 million rural migrant workers, up 1.7 percent from a year earlier. Their average monthly income came in at 3,485 yuan, up 6.4 percent year on year.

By 2020, China aims to double the per capita income of its urban and rural residents from 2010 levels, to build a moderately prosperous society.

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